Business

Share prices traded slightly lower at mid-morning on profit-taking

Share prices on Bursa Malaysia were traded slightly lower at mid-morning today on profit-taking in most plantation and finance stocks, dealers said.

At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.46 points higher at 1,862.89.

Of the plantation stock, Kluang Rubber was the top loser, fell 40 sen or 10% to RM3.60, while Hong Leong Financial, of the finance counter, lost 12 sen to RM15.02.

Market breadth remained negative as losers led gainers 264 to 245, while 308 counters were unchanged, 800 untraded and 23 others suspended.

Turnover stood at 582.46 million shares worth RM356.66 million.

On the scoreboard, the Finance Index erased 9.74 points to 16,989.86, the Industrial Index dipped 12.57 points to 3,175.98 but the Plantation Index rose 2.46 points to 9,122.72.

The FBM Emas Index declined 13.32 points to 12,870.62, the FBMT100 Index lost 13.39 points to 12,521.6, the FBM 70 dwindled 29.52 points to 13,989.84 and the FBM ACE slipped 5.17 points to 6,598.81.

Of the heavyweights, Maybank and CIMB were flat at RM9.81 and RM7.34 respectively, Public Bank lost four sen to RM20 while TNB rose two sen to RM11.98.

Among actives, PDZ Holdings and Talam Transform were flat at 18.5 sen and 10 sen respectively, GPA Holdings earned half-a-sen to 13.5 sen, while Naim Indah added 1.5 sen to 13 sen. – Bernama, May 9, 2014.

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